Corporate Data - Oil and Gas

In the second quarter of 2020, only Ardova Plc grew its revenue by 5% from N82.79 billion in the second quarter of 2019 to N87.31billion in the period under review. In this period, Eterna Plc recorded the highest decrease in revenue (82% - from N155.77 billion to N28.51 billiion), while Japaul Oil & Maritime Services recorded the lowest decrease in revenue (2% - from N333 million to N327 million). The revenue of Rak Unity petroleum Company dipped by 60%, Seplat petroleum Development Company by 26%, MRS Oil Nigeria Plc by 21%, Conoil by 20% and 11 Plc [Mobil] by 13%.

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